CNBC Economy / Updates
- Euro zone inflation is back above 3%. Higher interest rates are likely to follow September 1, 2026The European Central Bank is seen hiking rates in September as the Iran war raises energy costs in the region.
- Bank of England chief warns new AI models threaten global financial stability August 31, 2026Bank of England Governor Andrew Bailey has warned that frontier AI could materially increase cyber risks to the global financial system.
- India’s economy expands 7.8% in fiscal first quarter, beating estimates August 31, 2026The economy was driven by a strong performance in the financial, real estate, information technology and professional services sectors.